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Nonprofiteer
← NORTHAMPTON CHAMBER OF COMMERCE

Form 990 for tax year 2023

Filed by NORTHAMPTON CHAMBER OF COMMERCE.

Totals

Total revenue
$1,154,672
Total expenses
$1,210,788
Contributions and grants received
$943,468
Grants paid
$100,000
Program service revenue
$196,436
Investment income
$14,768
Other revenue
$0
Total assets, end of year
$1,461,706
Total liabilities, end of year
$842,443
Net assets or fund balances, end of year
$619,263
Program services expenses (Part IX)
$1,112,108
Management and general expenses
$80,005
Fundraising expenses
$18,675
Program service expenses (Part III)
$1,112,108

Program services were 91.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $308,593

  • 1e · Government grants (contributions)

    $584,645

  • 1f · All other contributions, gifts and grants

    $50,230

  • 2a · Program service revenue: EVENT REVENUE

    total $79,947 · related or exempt $79,947

  • 2b · Program service revenue: GIFT CARDS

    total $65,263 · related or exempt $65,263

  • 2c · Program service revenue: ADVERTISING

    total $25,650 · related or exempt $25,650

  • 2d · Program service revenue: PROGRAMS AND OTHER

    total $25,576 · related or exempt $25,576

  • 3 · Investment income

    total $14,768 · related or exempt $14,768

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $100,000 · program services $100,000

  • 5 · Compensation of officers, directors and key employees

    total $120,268 · program services $108,241 · management and general $12,027

  • 7 · Other salaries and wages

    total $272,772 · program services $229,773 · management and general $27,277 · fundraising $15,722

  • 9 · Other employee benefits

    total $42,413 · program services $36,475 · management and general $4,241 · fundraising $1,697

  • 10 · Payroll taxes

    total $31,403 · program services $27,006 · management and general $3,141 · fundraising $1,256

  • 12 · Advertising and promotion

    total $97,538 · program services $97,538

  • 13 · Office expenses

    total $7,546 · program services $6,791 · management and general $755

  • 16 · Occupancy

    total $47,521 · program services $46,571 · management and general $950

  • 17 · Travel

    total $5,690 · program services $5,690

  • 19 · Conferences, conventions and meetings

    total $7,740 · program services $7,740

  • 22 · Depreciation, depletion and amortization

    total $11,547 · program services $11,547

  • 23 · Insurance

    total $7,151 · program services $7,151

  • 24a · Other expenses: DOWNTOWN NORTHAMPTON AS

    total $217,780 · program services $217,780

  • 24b · Other expenses: PUBLICATIONS

    total $76,572 · program services $76,572

  • 24c · Other expenses: CONSULTANTS

    total $65,225 · program services $33,611 · management and general $31,614

  • 24d · Other expenses: SUPPLIES

    total $36,608 · program services $36,608

  • 24e · All other expenses

    total $63,014 · program services $63,014

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,004,809 · end of year $833,852

  • 2 · Savings and temporary cash investments

    beginning of year $15,047 · end of year $459

  • 3 · Pledges and grants receivable

    beginning of year $6,328 · end of year $307,468

  • 4 · Accounts receivable

    beginning of year $97,767 · end of year $51,143

  • 10a · Land, buildings and equipment: cost or other basis

    $483,214

  • 10b · Land, buildings and equipment: accumulated depreciation

    $322,354

  • 10c · Land, buildings and equipment, net

    beginning of year $172,407 · end of year $160,860

  • 12 · Investments: other securities

    beginning of year $96,147 · end of year $106,810

  • 15 · Other assets

    beginning of year $814 · end of year $1,114

  • 17 · Accounts payable and accrued expenses

    beginning of year $38,204 · end of year $134,303

  • 19 · Deferred revenue

    beginning of year $152,110 · end of year $163,088

  • 23 · Secured mortgages and notes payable

    beginning of year $17,747 · end of year $2,732

  • 25 · Other liabilities

    beginning of year $514,351 · end of year $542,320

  • 27 · Net assets without donor restrictions

    beginning of year $203,788 · end of year $212,480

  • 28 · Net assets with donor restrictions

    beginning of year $467,119 · end of year $406,783

Mission and programs · 2023

Mission

TO BE A CATALYST FOR COLLABORATION AND INNOVATION TO FOSTER A THRIVING ECONOMY AND COMMUNITY, INVIGORATED BY DIVERSITY, EQUITY, AND INCLUSION IN THE GREATER NORTHAMPTON AREA.

Activities or mission (Part I)

THE MISSION OF THE GREATER NORTHAMPTON CHAMBER OF COMMERCE, A MEMBERSHIP ORGANIZATION, IS TO BE A CATALYST FOR COLLABORATION AND INNOVATION TO FOSTER A THRIVING ECONOMY & COMMUNITY INVIGORATED BY DIVERSITY, EQUITY, AND INCLUSION.

  • THE PROMOTION OF THE COMMON BUSINESS INTERESTS OF ITS MEMBERS.NORTHAMPTON GIFT CARD PROGRAM - INVEST IN LOCAL BUSINESSESECONOMIC DEVELOPMENT - ADVOCACY, PROGRAMS, PROJECTSCOMMUNITY ENGAGEMENT - PR SUPPORT AND DEI INITIATIVESLINK/LEARN SERIES - BUSINESS EDUCATIONAL PROGRAMMING AND CURRICULUM

    Expenses $754,682 · Revenue $800,583

  • THE CHAMBER SUPPORTS, INITIATES, AND COORDINATES ACTIVITES THAT PROMOTE AND ENHANCE NORTHAMPTON AS A VISITOR DESTINATION. HAMPSHIRE COUNTY REGIONAL TOURISM COUNCIL - MARKETING, PROMOTION, AND SERVICES FOR TOURISM, CONVENTION, TRAVEL, AND RECREATION IN HAMPSHIRE COUNTY.

    Expenses $350,526 · Revenue $339,321

  • THE CHAMBER SERVES AS A FOCUS TO ENHANCE AND MEASURE THE ECONOMIC DEVELOPMENT OF GREATER NORTHAMPTON. THE CHAMBER TAKES ON THE COORDINATING ROLE OF IDENTIFYING MAJOR DIRECTONS FOR ECONOMIC DEVELOPMENT, PRIORITIES FOR ACTIVITIES, IDENTIFICATION OF PEOPLE AND ORGANIZATIONS RESPONSIBLE FOR MOVING ACTIVITIES FORWARD AND TIME FRAMES. THE CHAMBER ALSO ORGANIZES ITSELF AS A RESOURCE CENTER TO FACILITATE AND SUPPORT NEW BUSINESS START-UPS AND ESTABLISHED BUSINESS RETENTION AND GROWTH. COMMUNITY REVITALIZATION FUND - COVID-19 RELIEF FOR SMALL, LOCAL BUSINESSESRESTAURANT SECTOR SUPPORT - MARKETING CAMPAIGNS FOR LOCAL RESTAURANTSCOMMERCIAL DEVELOPERS' ADVISORY - DOWNTOWN COMMERCIAL DEVELOPMENT

    Expenses $6,900

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MEGHAN MCCORMICK

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • LINDSAY LABONTE

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • KELLY ROSE CPA

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • LOU DAVIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SCOTT KEITER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JIM GRAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • FELICIA LUNDQUIST

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ANNA BOWEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARK NEJAME

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JENNIFER NERY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • HEIDI NORTONSMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ISOLDA ORTEGA-BUSTAMANTE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • AMANDA SHAFII

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CHRISTOPHER GALLIVAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JILLIAN DUCLOS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JENNIFER EWERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • EBRU KARDAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DOUGLAS GILBERT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • NANCI NEWTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • VINCENT JACKSON

    CLERK

    Total calculated
    $0
    Hours/week
    2

  • ERIN CAHILLANE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARK GOGGINS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • GREGORY THOMAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • RUSSELL PEOTTER

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    2

  • VINCENT JACKSON

    EXECUTIVE DIRECTOR

    Total calculated
    $120,268
    From this org
    $120,268
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202403209349303590

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